Weak July Durable Goods Data Hurts Stock Futures

Tomi Kilgore joins the News Hub with a look at today's market action, including three stocks to watch. Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

... the the ... stock futures are down slightly Monday to start off the week Wall Street Journal Markets reporter Tomi Kilgore is here ... what's going on ... well we had a ... little bit of a weak number today with the durable goods ... aam ... and that actually hurt Stock futures which it's actually right now we don't know what to make of data because ... the growing influence the Fed's thinking so ... right so there's a lot of uncertainty with the Fed might do and there's a lot of and so there's a lot of uncertainty among investors what they should do based on the day there's actually a lot of other data that we're going to get this week tell us ... aam some of the key ones I think or that there's some housing data ... the Chinchilla Base Case Shiller home price comes out on Tuesday there's also pending home sales coming out later this week ... one of the big ones is GDP second revision in GDP it's the second revision to this post be revised higher ... so you know will see how that comes out because we've we've had some weak data over the last to ... read it over the last month and this was a good working in jobless claims are in the consumer confidence is a great resume we were treated at ahead of ... I suppose next week is can it be next week is that the jobs of the doubt to update on now ... so ... I went with it and you're going to know that something that ... a lot of people watching it seems to be what's driving the market recently is that ... it fell off a little that the end of last week because we had some weak housing data can so that's another thing we're worried investors unsure what to do ... if it's strong data to get nervous that it increases the chances of that and ... so right now it's it's been heading higher but every time we get some pullback on weak data where they were sealed as it gets around two pointy little book to twenty right now ... so we have we haven't yet gotten to this to three percent that the growth we've got close but not quite there yet ... let's move on to three stocks you're looking at today the first one is Onyx Pharmaceuticals ... it we had a big bite out of ten minutes we haven't had a ... lot of merger Monday's recently so we had a big buyout overnight ... then came in ahead ... of ten point four billion dollars engines buying this company and ... this there's been some other deals in the unit leading up to this ... buying into cancer drugs ... okay so this is the kind of thing that seems a with the people are looking into right ... now among the government got a divestiture from ... Anadarko Petroleum re rate they sold off ... part of their stake in the in in East Africa and the natural gas field so that's been kind of thing do they wanna ... be kind and explore ... the territory now than they sell off parts of it to make money on it and said they are investors reacting to this that did the stocks doing ok the story was up over five percent the last time I checked ok ok and last Micra soft the news Friday as it can react to that today was down slightly ... but that's pretty good considering we had one of the biggest moves of Micra soft and in about four years so ... I think they they think that my croissant needs a change in culture so when there's longtime CEO Steve Palmer said the was can retire ... within the year the investors look to the paper ... okay ... Tomi Kilgore thanks so much for joining us thank you